Investors Throw Off Fears of Spring Swoon

The Dow Jones Industrial Average's rise to the 15000 level for the first time suggests investors are overcoming worries stocks will suffer another spring swoon.

In recent years, investors have become conditioned to expect a slowdown in economic growth in the spring, just as stock gains pile up higher than many are comfortable with. But Friday's monthly jobs report, which showed a gain of 165,000 new jobs and a drop in the unemployment...